  East_detroit Member Username: East_detroit Post Number: 1354 Registered: 11-2003 |
MichCon Lowers Price Of Natural Gas To $7.00/MCF >DTE Dec 27, 2007 09:17:29 (ET) DOW JONES NEWSWIRES DTE Energy Co.'s (DTE) MichCon utility said it will drop the price of natural gas to $7.00 per thousand cubic feet from $7.50, effective January 1. MichCon, a natural gas utility, said it reduced rates due to lower wholesale gas prices and because it entered the season with a significant supply of natural gas already in storage. The company said the rate reduction will save customers about $35 over the remainder of the heating season. -Saba Ali; 201-938-5400; AskNewswires@dowjones.com (END) Dow Jones Newswires December 27, 2007 09:17 ET (14:17 GMT) | ||
Mauser765 Member Username: Mauser765 Post Number: 2227 Registered: 01-2004 |
gas at the pump UP | ||
Raptor56 Member Username: Raptor56 Post Number: 232 Registered: 05-2007 |
MichCon has reduced rates twice now in the past 2 years. When is Consumers going to do the same? | ||
Gistok Member Username: Gistok Post Number: 6003 Registered: 08-2004 |
Mauser765... I agree... I take premium and paid $3.29 today!  Good point Raptor56... doesn't CMS deliver to most suburbs? | ||
Kevgoblu Member Username: Kevgoblu Post Number: 41 Registered: 02-2007 |
2 parts to the gas bill, distribution charge and gas cost recovery charge. I'm assuming that this is just the gas cost recovery charge part of the bill. Consumers currently charges $0.777 per ccf. ccf is defined as 100 cubic feet. So Consumer's charges an additional $0.77, or 10%, per 1000 cubic feet. Now the government regulates rates for utilities and I was under the impression that they were able to have a "fair rate of return". That number is fixed so it should be irrelevant in comparing costs between providers. So this implies that Consumer's just has a higher cost structure than DTE/MichCon? Any utility employees out there who can explain the price structure? |
